Against the backdrop of most small and medium-sized banks continuing the downward trend in deposit interest rates during the year, recently, some agricultural commercial banks and village banks in Guangdong, Hubei and other places bucked the trend and raised deposit interest rates, involving deposit types with multiple periods of one year to five years, with an adjustment of up to 33 basis points. Currently, deposit interest rate adjustments for small and medium banks show a polarized trend. Interviewed experts believe that under the pressure of net interest spreads, it is still mainstream for small to medium banks to cut deposit interest rates. Some small to medium banks raise deposit interest rates in stages to mitigate loss of deposits at maturity, but this is not common.

Against the backdrop of most small and medium-sized banks continuing the downward trend in deposit interest rates during the year, recently, some agricultural commercial banks and village banks in Guangdong, Hubei and other places bucked the trend and raised deposit interest rates, involving deposit types with multiple periods of one year to five years, with an adjustment of up to 33 basis points. Currently, deposit interest rate adjustments for small and medium banks show a polarized trend. Interviewed experts believe that under the pressure of net interest spreads, it is still mainstream for small to medium banks to cut deposit interest rates. Some small to medium banks raise deposit interest rates in stages to mitigate loss of deposits at maturity, but this is not common.